$BTC
Falling Wedge Formation on the Weekly Timeframe đ§đ
Bitcoin continues to trade inside a large Falling Wedge formation on the weekly chart, with price gradually moving toward the lower part of the structure.
Iâm expecting September to be a potential bottoming month for BTC, where we could see one final shakeout or liquidity sweep before the market finds stronger support.
Once the final shakeout is complete, a bullish breakout from the Falling Wedge could occur around the beginning of October. A confirmed breakout, especially with strong volume and a successful retest, could signal the start of a much larger recovery.
đ My current view:
September â Possible final shakeout & bottom formation
Early October â Potential Falling Wedge breakout
Q4 â Potentially bullish phase for Bitcoin
Of course, this is a market outlook, not a guarantee. The key confirmation will be a clean breakout and successful retest of the wedge resistance.
If BTC follows this structure, Q4 could get very interesting. đđ„
#Bitcoin #BTC #BitcoinAnalysis #
Falling Wedge Formation on the Weekly Timeframe đ§đ
Bitcoin continues to trade inside a large Falling Wedge formation on the weekly chart, with price gradually moving toward the lower part of the structure.
Iâm expecting September to be a potential bottoming month for BTC, where we could see one final shakeout or liquidity sweep before the market finds stronger support.
Once the final shakeout is complete, a bullish breakout from the Falling Wedge could occur around the beginning of October. A confirmed breakout, especially with strong volume and a successful retest, could signal the start of a much larger recovery.
đ My current view:
September â Possible final shakeout & bottom formation
Early October â Potential Falling Wedge breakout
Q4 â Potentially bullish phase for Bitcoin
Of course, this is a market outlook, not a guarantee. The key confirmation will be a clean breakout and successful retest of the wedge resistance.
If BTC follows this structure, Q4 could get very interesting. đđ„
#Bitcoin #BTC #BitcoinAnalysis #